FRANKLIN, TN - OVE.com, Manheim's 24/7 Bid or Buy now wholesale vehicle marketplace, announced its top-performing auction locations at the third annual Otto Awards ceremony, held in Las Vegas during last month’s CAR conference. Winning the Otto Award for the independent auction with the highest dealer volume was Akron Auto Auction.
Named for the company's ferret mascot, the Otto Awards recognize auctions in five categories, each including one Manheim and one independent auction location. The awards were presented by Janet Barnard, Manheim executive vice president and chief operating officer and National Auto Auction Association (NAAA) President Charlotte Pyle.
“OVE has been a tremendous auction partner for Akron Auto Auction,” said Chad Bailey, one of the auction’s owners and the facility’s general manager. “From their arbitration policies to their involvement in facilitating the sale, OVE has made buying and selling vehicles online a seamless experience for us and for our customers.”
Chad Bailey, owner and general manager of Akron Auto Auction, accepts this year’s Otto Award for the independent auction with the highest dealer volume from Charlotte Pyle, NAAA President (left) and Janet Barnard, Manheim Executive VP and CEO.
“It has been exciting to see the growth in volume and activity on OVE since we began using that platform three years ago,” continued Bailey, noting that OVE sales at Akron Auto Auction now average between 75 and 100 vehicles per month. “While our customers selling on OVE are primarily from northeast Ohio, we have seen OVE buyers from virtually every continent. Late-model, luxury imports attract buyers from all over the world, and OVE is a strategic link in the process of connecting with both domestic and international buyers in rapidly increasing numbers.”
Founded in 1973, Akron Auto Auction is owned by Jeff Bailey, Chad Bailey, James Fisher and Richard Wakefield. The 30-acre facility includes six auction lanes. The auction offers more than 1,200 vehicles on Tuesday at 10 am, featuring consignments from lease and fleet companies, financial institutions and new and used car dealers.